Home  »  Companies   »  Selling Your Comcast Corporation (NASDAQ:CMCSA) St...

Selling Your Comcast Corporation (NASDAQ:CMCSA) Stock? Here’s What You Need To Know

Comcast Corporation (NASDAQ:CMCSA) shares, rose in value on Friday, August 05, with the stock price down by -1.71% to the previous day’s close as strong demand from buyers drove the stock to $38.26.

Actively observing the price movement in the recent trading, the stock is buoying the session at $38.93, falling within a range of $38.36 and $39.22. The value of beta (5-year monthly) is 0.99 whereas the PE ratio is 12.71 over 12-month period. Referring to stock’s 52-week performance, its high was $61.80, and the low was $36.57. On the whole, CMCSA has fluctuated by -2.26% over the past month.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

With the market capitalization of Comcast Corporation currently standing at about $201.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 27, 2022 – May 02, 2022. The company’s Forward Dividend Ratio is 1.08, with its dividend yield at 2.77%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.93, which is expected to increase to $1.08 for fiscal year $3.59 and then to about $3.97 by fiscal year 2023. Data indicates that the EPS growth is expected to be 11.10% in 2023, while the next year’s EPS growth is forecast to be 10.60%.

Analysts have estimated the company’s revenue for the quarter at $30.07 billion, with a low estimate of $29.01 billion and a high estimate of $32.71 billion. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $122.06 billion, representing an increase of 4.90% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that CMCSA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 1.21, with the price of CMCSA currently trading nearly -5.03% and -6.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.37, while the 7-day volatility ratio is showing 3.17% which for the 30-day chart, stands at 2.48%. Furthermore, Comcast Corporation (CMCSA)’s beta value is 0.95, and its average true range (ATR) is 1.19.

A comparison of Comcast Corporation (CMCSA) with its peers suggests the former has fared considerably weaker in the market. CMCSA showed an intraday change of -1.71% in today’s session so far, and over the past year, it shrunk by -32.84%%. In comparison, Netflix Inc. (NFLX) has moved lower at -0.63% today and is down -55.56% over the past 12 months. On the other hand, the price of The Walt Disney Company (DIS) has fallen -0.40% today. The stock, however, is off -37.35% from where it was a year ago. Additionally, there is a gain of 0.41% for Charter Communications Inc. (CHTR) in recent trading while the stock has seen an overall depriciation of -40.33%% over the past year. The PE ratio stands at 12.71 for Comcast Corporation, compared to 21.52 for Netflix Inc., and 73.10 for The Walt Disney Company. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.23%. Meanwhile, the Dow Jones Industrial Slipped by -0.10%.

Data on historical trading for Comcast Corporation (NASDAQ:CMCSA) indicates that the trading volumes over the past 10 days have averaged 29.42 million and over the past 3 months, they’ve averaged 24.21 million. According to company’s latest data on outstanding shares, there are 4.46 billion shares outstanding.

Nearly 0.10% of Comcast Corporation’s shares belong to company insiders and institutional investors own 85.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 68.07 million shares as on Jul 14, 2022, resulting in a short ratio of 2.91. According to the data, the short interest in Comcast Corporation (CMCSA) stood at 1.52% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 75.15 million. The stock has fallen by -22.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMCSA stock heading into the next quarter.

Leave a Comment

Your email address will not be published.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]